Savannah morning news. [volume] (Savannah) 1868-1887, 1887-04-10
THE BOATS FOR THE RIVER.
The Augusta Steamboat Company
Organized.


From the Augusta (Go.) Chronicle.
The Exchange was full of merchants
Thursday, the occasion being the organi-
cation of the Augusta Steamboat Com
pany. Mr.. James Tobin was called to
the chair, and Mr.. B. II. Smith, Jr., was
requested to act as Secretary. Mr.. j. p,
Doughty moved the appointment Of a
committee of five for the purpose OF eff
fecting permanent organization Of the
Augusta Steam boat Company and for the
selection of a board of directors. Some
discussion arose as to the expediency OF
effecting permanent organization OF the
company at this time, but Messrs. W. G.
Sibley, J. z. Doughty and Charles Estes
urged that the company go ahead immedi-
ately and get Ill shape for business by
fall. Mr.. T0bin, IN response to inquiries,
explained how n charter for the company
must be obtained, stating that the same
could be procured within two weeks at
least. The motion to appoint a commit
lee of five was put, carried, and these
gentlemen selected: j. Z. Doughty, j. NJ.
| Gray. l.. j. Miller, S. NJ. Whitney and " d.
l. DELPHI.
MIR. z. W. Carwile moved that the meet
ing invite Hon. Patrick w alsh to address
| the gentlemen present during the absen ce
| of the committee, which had retired to
| perform the duty for which they were APP
| pointed. The invitation was extended
| and MIR. Walsh said:
"Mr. Chairman and Gentlemen: Idoubt
| II there is any gentleman in the audience
who does not appreciate the Importance
OF placing steamers on the Savannah
river" Mr.. Walsh then repeated
conversation which be had had
with gentleman, in position to
know, who mad told him OF the WORK
Of the railroads in blocking utiliza.
ton OF the Savannah river as carrier
OF freights. Mr.. Walsh continued al
some length, reciting the advantages oil
the line. Concluding, he directed atteu.
| ton TO the fact that a bare working cap.
ital, while assuring an enterprise, did
not give sufficient elbow room Tor work
and believed tDat more money was need.
| ed in this steamb boat matter TO make as.
| surance doub bly, sure. lie concluded By
putting his name down for $500 more
During the day many additional sub.
scriptions to the capital stock were
made.
The committee here returned to the
room and reported their choice OF the toll
! lowing Board of Directors: u. McCord
e. II. Schneider, II. b. King. Charles
Estes, James Tobin, james A. Lotlin, Il
II. Smith, Jr., J. II. Day aud James j.
Dicks. On motion the report was
adopted.
MIR. Estes--"I move that the directors,
elect prepare. or have prepared, char,
ter ana bylaws for the company, and re-
port the same at the earlies, practicable
time TO a meeting OF the stockholders FOL
adoption, and be allowed TO elect pres1
dent, and that the directors also make III
| Quiry as to the purchase Of the boats, etc.
and to get all inform alton possible with
out incurring any liability until alter the
charter is obtained. Carried.
The meeting then adjourned. After
ed Mr.. B. Il. smith, Jr., President, Treas
urer and Manager.
Strict business marks the outset. NJ
! high .salaried officers are 10 be carried
Economy and close management is tn,
| idea